$13 billion for Dior? That's LVMH's bid

$13 billion for Dior? That's LVMH's bid

At the same time, the Arnault Family Group is planning a public takeover offer to purchase the shares in Christian Dior SA it does not already own.

In a statement, the companies noted that the Arnault Family Group, which controls LVMH, would purchase all the shares of Christian Dior it doesn't already own for 172 euros each in cash and 0.192 in Hermès global shares.

Arnault's family company said the deal was also aimed at reinforcing its fashion and leather goods division.

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That will unite the 70 year old fashion label worn by film stars from Grace Kelly and Elizabeth Taylor to Jennifer Lawrence and Natalie Portman with the Christian Dior perfume and beauty business already owned by LVMH.

- Arnault's family company, Semyrhamis, said it would offer 172 euros in cash and 0.192 shares in Hermes, a rival French luxury company in which Arnault has a stake, for the remaining Christian Dior shares that it does not now own.

Christian Dior Couture is now considered an independent affiliate of LVMH despite having the same controlling shareholder. The offer would value Dior shares at 260 euros each, representing a 14.7% premium from its Monday closing price. Dior shares jumped 13 percent to a new high of 256 euros. It will also offer all-cash and all-share alternatives.

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Mr. Arnault said the plan would simplify the structure of the businesses, which had "long been requested by the market", as well as strengthen LVMH's fashion and leather goods division with the addition of Christian Dior Couture.

The deal would be accretive to LVMH earnings per share from the first year.

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